The High Stakes of the Debt Ceiling Debate for America's Economy.

Corporate America is staying out of the highly charged debate over the government's debt ceiling, with executives who are talking to congressional leaders and the White House doing so privately and not as part of a concerted effort. CEOs see little advantage in spending their own political lobbying on the debt ceiling, as it doesn't provide a direct benefit to their companies and could backfire by drawing negative attention from politicians. The U.S. Chamber of Commerce and the Business Roundtable have urged Congress and the White House to engage in earnest negotiations while stopping short of taking sides or suggesting the contours of a potential deal.